Business & Finance Newark, NJ Pop. 311,549

Financial Advisor Salary in Newark, New Jersey

The median financial advisor salary in Newark, NJ is $114,468 per year, which is 20.0% above the national median and 2.4% below the New Jersey state average.

City Median
$114,468
vs State Avg
$-2,862
vs National
+$19,078
Cost of Living
112%

Financial Advisor Salary in Newark by Experience

In Newark, an entry-level financial advisor earns around $57,600, while experienced professionals earn up to $216,000 per year. The local cost of living index is 112% of the national average.

Entry Level (0-2 yrs)
$57,600
+$9,600 vs national
Mid Level (3-7 yrs)
$114,000
+$19,000 vs national
Senior Level (8+ yrs)
$216,000
+$36,000 vs national

Salary Percentiles in Newark, NJ

Percentile Newark
10th Percentile $53,280
25th Percentile $74,880
Median (50th) $114,468
75th Percentile $178,800
90th Percentile $286,800

Financial Advisor Salary in Other New Jersey Cities

Jersey City, NJ
$129,730
Pop. 292,449
Edison, NJ
$117,330
Pop. 107,588
Elizabeth, NJ
$110,652
Pop. 137,298
Paterson, NJ
$107,791
Pop. 159,732

How to Become a Financial Advisor in Newark

Education

Most financial advisor positions require a bachelor's degree. Newark and the surrounding New Jersey area have institutions offering relevant programs.

Key Skills

Investment PlanningPortfolio ManagementTax PlanningClient RelationsFinancial AnalysisCFA/CFP

Job Outlook

Nationally, financial advisor employment is projected to grow 13% over the next decade (much faster than average). Demand in Newark may vary based on local industry and population growth.

Find Financial Advisor Jobs in Newark

Browse open financial advisor positions in Newark, NJ:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

Frequently Asked Questions: Financial Advisor Salary in Newark

How much does a Financial Advisor make in Newark, NJ? ▼
The median financial advisor salary in Newark, New Jersey is $114,468 per year, which is 20.0% above the national median of $95,390. Salaries range from $53,280 (10th percentile) to $286,800 (90th percentile).
How much does a Financial Advisor make per hour in Newark? ▼
Based on the median annual salary of $114,468, a financial advisor in Newark earns approximately $55 per hour assuming a standard 2,080-hour work year.
How does Newark compare to the New Jersey state average for financial advisor pay? ▼
Newark's median financial advisor salary of $114,468 is 2.4% below the New Jersey state average of $117,330. The local cost of living index is 112% of the national average.
What is the cost of living in Newark, NJ? ▼
Newark has a cost of living index of 112% compared to the national average. This means a financial advisor salary of $114,468 in Newark has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a financial advisor in Newark? ▼
Most financial advisor positions in Newark require a bachelor's degree. Key skills include Investment Planning, Portfolio Management, Tax Planning, Client Relations. The job market is projected to grow 13% nationally over the next decade.